Reminder for Curaçao: Payment of SVB Cessantia premium 2024

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Written by Sue van Elteren
Posted on 30 May 2024 - 1 minute read

Before June 30, 2024, the Cessantia premium for 2024 must be paid to the tax collector in Curaçao.

The Cessantia premium is ANG 40.00 per employee, and the number of employees is determined based on the number of employees employed in December 2023. To determine the correct Cessantia premium amount, you should refer to the December 2023 SVB declaration and multiply this number of employees by ANG 40.00.

The SVB Cessantia premium must be paid in Curaçao to the tax collector in the bank account where all monthly taxes and premiums are normally paid. When making your payment, you must include your SVB and CRIB numbers as the payment reference and mention “Cessantia premium 2024.”

A brief explanation of this premium: The Cessantia payment to employees is initially borne by the employer. The Cessantia premium is a contribution paid by the employer to supplement the Cessantia fund. From this fund, the SVB pays out Cessantia benefits to which employees are entitled if their employer has been declared bankrupt and/or is in a state of suspension of payments.

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